Wednesday, January 21, 2015
Foreign orders grew 6.7 percent to reach a record US$472.81 billion in 2014, the Ministry of Economic Affairs (MOEA) announced yesterday. In addition, orders placed for information and communication technology (ICT) products, electronics products and machinery all hit a new record last year.
Premier Mao Chi-kuo (毛治國) yesterday announced his expectations that Taiwan will grow from a “smart city” into a “smart life.”
Asian stocks and foreign exchange markets are expected to achieve a growth of 10 percent this year and surpass 2014 levels, according to analysis by Amundi Asset Management (東方匯理資產管理) Director Leon Goldfield. Goldfield believes that among industries riding growth, South Korean, Chinese and Taiwanese electronics firms will outperform all other sectors.
The U.S. dollar rose against the New Taiwan dollar Tuesday, gaining NT$0.144 to close at the day's high of NT$31.696 as traders took cues from weaknesses in regional currencies to cut their holdings in the local currency, dealers said.
Shares in Taiwan moved higher Tuesday to close above the 9,200-point mark as Apple concept stocks — the Taiwanese electronics makers in Apple Inc.'s supplier chain — attracted buying on hopes that the latest iPhone models will boost their shipments in the first quarter of this year, dealers said.
Taiwan High Speed Rail Corp. (THSRC, 台灣高鐵) will request nearly NT$400 billion (US$12.7 billion) in damages should the government take over full control of the financially ailing bullet train line, the company said.
The Taipei Computer Association (TCA) on Tuesday called on the Taiwan government to speed up the development of Internet of Things applications as the next driver for the country's economic growth.
Samsung Electronics Taiwan has appointed Sheng-chi Wu as general manager of its enterprise solutions business group, leading the company's business-to-business (B2B) operations in the country.
Taiwan and China will jointly set up a working group this year to develop common standards for four information technology sectors, a Taipei-based cross-Taiwan Strait association promoting industrial standards said Tuesday.
Malaysia trimmed its 2015 growth forecast Tuesday and said the fiscal deficit would be bigger than expected after the sharp fall in oil prices hit the petroleum-exporting nation's economic plans.